Anlageziel Zest Flexible Bond Capitalisation Institutional EUR Fonds

The Sub-Fund is actively managed without reference to any benchmark meaning that the Investment Manager has full discretion over the composition of the Sub-Fund’s portfolio. The Sub-Fund mainly invests in any kind of debt instruments (including bonds, convertible bonds) and Money Market Instruments or assimilated products (such as commercial papers, and in general instruments with a maturity lower than twelve months) denominated in any currencies and issued by rated issuers with a Standard & Poor’s rating of at least BB or an equivalent rating issued by another main rating agency. Investments in above-mentioned debt instruments issued by rated issuers with a Standard & Poor’s rating below BB or an equivalent rating issued by another main rating agency will be limited to 10% of the Sub-Fund’s net assets.